Kingdom of Saudi Arabia
Riyadh Chamber of Commerce & Industry
General Directorate of Finance & Procurement — Contracts & Procurement Department
- Certificate no.
- 28
- Date
- 2026-10-07
- Hijri
- 26 Rabiʻ II 1448 AH
- Reference
- PAY-2026-015
Interim payment certificate no. (28)
For the work of September 2026
- Contract number
- RC/2024/011
- Supplier-portal reference
- 2401780147
- Contract
- New chamber headquarters — construction
- Contractor
- Al-Bunyan Al-Rasekh Contracting Co.
- Contractor VAT number
- 310102487310003
- Project
- The Chamber’s New Headquarters Building
- Contract period
- 2024-04-01 — 2027-06-30
- Original contract value
- 51,000,000
- Current contract value
- 52,925,000including variations of SAR 1.9M
- Linked milestone
- Structure complete · MS-G3 Build complete
Certificate summary (SAR)
| 1 | Total value of work completed to date | 22,650,000 |
| 2 | Less: previous certificates | (21,910,000) |
| 3 | Value of work in this certificate | 740,000 |
| 4 | Less: retention (10%) | (74,000) |
| 5 | Less: advance payment recovery (10%) | (74,000) |
| 6 | Less: delay and breach penalties | 0 |
| 7 | Total deductions | (148,000) |
| 8 | Net before VAT | 592,000 |
| 9 | Add: value added tax (15%) | 88,800 |
| 10 | Net amount payable to the contractor | 680,800 |
Amount in words: Six hundred eighty thousand eight hundred Saudi riyals only
Retention held up to this certificate: SAR 2.3M — released after final acceptance.
Work by contract item
| Item | Item value | Previous | This period | To date | Complete |
|---|---|---|---|---|---|
| Preliminaries & mobilisation | 3,704,750 | 3,555,800 | 102,150 | 3,657,950 | 99% |
| Earthworks & foundations | 9,526,500 | 5,541,250 | 166,550 | 5,707,800 | 60% |
| Concrete & structural works | 16,406,750 | 7,469,350 | 254,300 | 7,723,650 | 47% |
| Mechanical, electrical & plumbing | 12,702,000 | 3,660,950 | 144,250 | 3,805,200 | 30% |
| Finishes & external works | 7,938,750 | 1,466,150 | 62,750 | 1,528,900 | 19% |
| Testing & commissioning | 2,646,250 | 216,500 | 10,000 | 226,500 | 9% |
| Total | 52,925,000 | 21,910,000 | 740,000 | 22,650,000 | 43% |
Amounts in Saudi riyals.
Signatures and approvals
Contractor’s representative
Eng. Hamad S. Al-Hajri
Al-Hajri2026-10-07
Supervising engineer
Eng. Ibrahim A. Al-Ghamdi
Al-Ghamdi2026-10-12
Project manager
Eng. Ahmed Y. Asiri
Asiri2026-10-19
Finance & contracts
Khalid N. Al-Mutairi
Awaiting signature
Final approver
Dr. Abdullah S. Al-Qahtani
Later